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Explain the meaning of the statment "coffee and tea are close substitutes".
discuss the revealed preference theory of consumer behaviour
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
They take deposits which mean borrow money and make loans which means lend money. The interest rate they pay on the deposits is less than the interest rate they charge on their loa
Healthcare Reform is currently in the news almost every day. The current approach proposes a government sponsored health insurance “market” to help control costs and make healthcar
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ADMINISTRATIVE REFORMS - ECONOMIC POLICY: During the last few decades, phenomenal changes are taking place at a fast rate in the field of science and technology as well as in
Movements of the demand curve itself, either to the left or right are known as changes in demand. A change in demand is caused by a change in one or more of the nonprice determina
how microeconomic issues maybe represented using production posibility curve
Inflation is defined as
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